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Dec 6, 2013
12/13
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ALJAZAM
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economy, a new report reveals the job picture is rienthing and unmroement is falling. a severe wind and ice storm is moving east. hundreds of thousands are without power, and travel problems are building. ♪ >>> in south africa and around the world people are k looking at the legacy of nelson mandela. meanwhile funeral plans are ama and the first lady will be there to pay their respects. here are some of the details of what is to come. on tuesday decemb10th an official public memorial will be held in johannesberg. his body will lay in state for three days. the memorial's culminate with a state funeral. finally, mandela will be buried on sunday december 15th. >> reporter: tributes are being paid and prayers made for the icon. and now the world can officially say good-bye to nelsonela on december 10th which will be the official memorial service. and then for the following three days his remains will lay in state. but before then south africans will have a chance to remember the man who change lives forever. >> we have declared the 8th of december as a national day of pr
economy, a new report reveals the job picture is rienthing and unmroement is falling. a severe wind and ice storm is moving east. hundreds of thousands are without power, and travel problems are building. ♪ >>> in south africa and around the world people are k looking at the legacy of nelson mandela. meanwhile funeral plans are ama and the first lady will be there to pay their respects. here are some of the details of what is to come. on tuesday decemb10th an official public memorial...
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economy will global economy continues to grow. cheryl: they can't cut any more. and productivity. >> you will start seeing revenue increases, and the economy as a whole, earnings by cutting and creating more. and increase third quarter gdp is an anomaly, and as a whole you take that and say things wwll get better, more products gets old and services rendered in 2014. cheryl: the bigger question for the markets, we are down a few points. and to make that -- >> a string of economic data don't have a string, one or two data points at best. today's data there's a caveat for each of those points, and because of the thanksgiving holiday associated with that. we are far away from actual tapering, december and january, the problem in january a transition period. and it is where it goes. >> march bite be a little early. they want to telegraph any move, the biggest fool is forward guidance. so you see them talk about capering and talk about capering more and more before they do it so i would expect them to have three or four different fomc minutes, increased likelihood of
economy will global economy continues to grow. cheryl: they can't cut any more. and productivity. >> you will start seeing revenue increases, and the economy as a whole, earnings by cutting and creating more. and increase third quarter gdp is an anomaly, and as a whole you take that and say things wwll get better, more products gets old and services rendered in 2014. cheryl: the bigger question for the markets, we are down a few points. and to make that -- >> a string of economic...
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Dec 7, 2013
12/13
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CNNW
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it is not a great economy. we're still coming out of a deep downturn. the reason people don't feel that confidence is because we haven't had that much growth. >> i want to give you the final word will. >> where does it go for november? it gives you grid lock. whether you point fingers at shutdowns or regulations, it is what's going on in washington. every time they tie themselves in knots we get a chance at recovery. >> are you being facetious a little bit? >> there is a lot of truth to that. we haven't seen any new bad news and the economy recovers. >> all right. now i get you. thank you both so much. have a great weekend. >>> next, an american teacher gunned down in benghazi, libya. what was he doing? we'll talk to a close friend. then, what has everyone so worked but that the sound of music live? plus, a plane versus 50-mile-per-hour wind gusts. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we i
it is not a great economy. we're still coming out of a deep downturn. the reason people don't feel that confidence is because we haven't had that much growth. >> i want to give you the final word will. >> where does it go for november? it gives you grid lock. whether you point fingers at shutdowns or regulations, it is what's going on in washington. every time they tie themselves in knots we get a chance at recovery. >> are you being facetious a little bit? >> there is a...
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all of the things that we are not doing for our economy. the missing stimulus money, where is all about? the billions and trillions that we are spending on education and not having any effect. in government isn't working. but we don't entrust how to be in a in a new economic society and that scott said, this has been going on for decades. gerri: to your point, income inequality is growing. 1992, the share of income by the top 5% in 2002, comparing and contrasting. that is not a big change. >> i think that the preponderance of evidence is that income is at the top half versus everyone else over the last two decades. whether that's a problem or not, it is completely unclear when you actually read all of the research that is done on it. and the other point i would make is that within the bottom 80%, the vast majority of the american population, income inequality has grown since the 1980s and in a lot of ways, that is the part that maybe we would be worried about. >> let's talk about one thing that has changed. after the 50s and 60s, when we ha
all of the things that we are not doing for our economy. the missing stimulus money, where is all about? the billions and trillions that we are spending on education and not having any effect. in government isn't working. but we don't entrust how to be in a in a new economic society and that scott said, this has been going on for decades. gerri: to your point, income inequality is growing. 1992, the share of income by the top 5% in 2002, comparing and contrasting. that is not a big change....
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Dec 7, 2013
12/13
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CNNW
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but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a living wage, $15 an hour. they are not alone in their call for better pay.
but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a living wage, $15 an hour. they are not alone in their call for better pay.
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Dec 7, 2013
12/13
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CNNW
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." >>> a possible tipping point for the economy. 203,000 jobs created last month. but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a living wage, $15 an hour. they are not alone in their call for better pay. >> we know there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty. >> the president has called for raising the minimum wage to $9 an hour. he also supports a bill in congress to raise it to $10.10 but fast foods workers say $15 an hour the living wage they need. the question, a living wage, who pies? could raising the minimum wage ultimately hurt the very worker rs it's meant to help? it's all in the eye of the beholder. f
." >>> a possible tipping point for the economy. 203,000 jobs created last month. but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a...
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Dec 5, 2013
12/13
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CNBC
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is that because the economy really is booming down there? >> well, we're fortunate to be in texas for one thing, obviously. but it's more than that, it's real execution. and kind of a secret to our success, whatever success we've had, frankly, is finding the right people to execute for you. and we work hard at hiring teams from other competing organizations that can bring their business with them. and that's the organic growth we get. as you said, we haven't bought a financial institution ever. >> so this is one of the things also where you're a local bank for a state and not some out of towner? >> yes. that's exactly right and i think that helps us too. we work hard at being local home fella to be able to do business with people that bank in texas and we've expanded a little bit. you mentioned the mortgage warehouse business and a couple of other national businesses outside the state. but probably about 90% of our business is related -- >> let's talk about what is strong. we heard from one of the most -- biggest stocks today, a retailer mos
is that because the economy really is booming down there? >> well, we're fortunate to be in texas for one thing, obviously. but it's more than that, it's real execution. and kind of a secret to our success, whatever success we've had, frankly, is finding the right people to execute for you. and we work hard at hiring teams from other competing organizations that can bring their business with them. and that's the organic growth we get. as you said, we haven't bought a financial institution...
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Dec 10, 2013
12/13
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KQEH
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. >> what really matters to this company is that the economy has to do well. the economy is going to do a little better in 2014 and 15. >> they say it came off of a stronger earnings, but the bears are demanding that it cut costs, plus, gold is slower than usual, as for taradatter, there are concerns, the analysts are a bit cautious this year, wondering whether the economy will be strong enough to turn them into darlings in 2014. >>> and cisco will buy its rival, u.s. foods, creating a giant. we begin the focus there. after a $3 and a half billion deal is final, cisco expects annual sales to grow about $6 billion. the company will have a quarter of the food distribution market in the u.s. and u.s. foods will take a 13% stake in the company. shares were trading at an all-time high today, up more than $37. >>> and package food company white way is buying private earth bound farms for $600 million, white way is the parent of dairy brands like silk and organic, they're the largest produce brand in north american, shares of white way grew to $22.92. >>> and mcdonal
. >> what really matters to this company is that the economy has to do well. the economy is going to do a little better in 2014 and 15. >> they say it came off of a stronger earnings, but the bears are demanding that it cut costs, plus, gold is slower than usual, as for taradatter, there are concerns, the analysts are a bit cautious this year, wondering whether the economy will be strong enough to turn them into darlings in 2014. >>> and cisco will buy its rival, u.s....
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it is credible that the economy is doing better. in that case you are not so worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we knew what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine, let them take away the punch bowl, however you want to construct it. >> at this point it may have been discussing tapering for over half a year. the markets have pretty much built in right now. the big issue, are we going to be able to live without so much stimulus. the data suggests that we are. lou: the stimulus and the economy and the markets. as a result of the fed pulling back on cue eat whenever the number may be, what is your judgment on the way that we are going to go into 2014 and now we're going to end u both in the markets and economy? >
it is credible that the economy is doing better. in that case you are not so worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we knew what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine,...
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>> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you talk about the fact valuations in several areas were stretched now here we are 16,035 or thereabouts). now the economy is picking up, the market still above 16,000 the pullback with friday's big again. what about the valuations as you see them today? >> they were the triple digit nasdaq companies, some of which are still fairly expensive. the market overall i don't think you can power the table and say it is cheap anymore, but it is not expensive relative to my other choices. so dependent on the u.s. and global economy that does somewhat bett
>> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you...
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adam: is a good economy are good news for the economy good news for the market? why he thinks the taper will be harmless for stocks. cheryl: congress getting in the way of business? uncertainty in washington driving companies to look overseas. that story coming up as "markets now" continues. adam: markets are rallingly on better than expected news out of jobs report. we want to head back to the floor of the new york stock exchange and nicole petallides. the dow is up what, more than 150 points at this point? >> right now 173 points to the upside. 15,994 at highest point. we did cross the 16,000 mark. we are seeing gains. saw better than expected jobs numbers for the month. so that was some good news. and we've got plenty of names hitting all-time highs like google and yep motors. i want to take you to take a look at boston scientific, a name with an up arrow up 4 1/2%. they had their ratings raised to outperform from market perform. that is some good news there over at cowan. the fact that they're working with spinal cord simulator. working with them as well. tha
adam: is a good economy are good news for the economy good news for the market? why he thinks the taper will be harmless for stocks. cheryl: congress getting in the way of business? uncertainty in washington driving companies to look overseas. that story coming up as "markets now" continues. adam: markets are rallingly on better than expected news out of jobs report. we want to head back to the floor of the new york stock exchange and nicole petallides. the dow is up what, more than...
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Dec 9, 2013
12/13
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FOXNEWSW
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and, more importantly, the long-term uninsured action benefits the economy. it adds $38 billion to the gdp because of multiplier effect of spending. if it is cut off, estimates say you will lose 300,000 jobs in the economy rather than gaining it. this motion going from a year to, going from half a year to a year or maybe a year-and-a-half create as culture of dependency is just ridiculous. what it creates is a culture of people who can actually pay their bills and until they find a job. heather: what about the cost of extending it, katy? that will amount anywhere to 26 and $27 billion? >> right. i think it is really important to point out before we get into the emotional argument of this the taxpayers, the families who are paying for these unemployment benefits, they're also trying to put food on their tables. pay their families, excuse me, taxes come out of their paycheck in order to pay for unemployment benefits. unemployment benefits -- excuse me. excuse me. i didn't interrupt you. you. >> you have been going on for quite a while. >> okay. to finish my poi
and, more importantly, the long-term uninsured action benefits the economy. it adds $38 billion to the gdp because of multiplier effect of spending. if it is cut off, estimates say you will lose 300,000 jobs in the economy rather than gaining it. this motion going from a year to, going from half a year to a year or maybe a year-and-a-half create as culture of dependency is just ridiculous. what it creates is a culture of people who can actually pay their bills and until they find a job....
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Dec 5, 2013
12/13
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FOXNEWSW
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is the better cure to improve the economy in general. you have to remember in the past 20 years or so. we hiked the minimum wage ten times federally. and since 1956 it was done five times. and we looked at businesses. i immediately looked at 15 year stock charts. i picked mcdonalds. and we look at stocks and how they perform. they inform people at minimum wages and both of their stocks hit all- time highs and that is since they were publicly traded since the 80s. and minimum wage hurts people. people say costs go up and the prices get more expensive. and the dollar menu goes away. and then the supporters. believe it or not costco was supportive of raising minimum wage but not to $15. >> it is a bug jump from $8 to faep. >> and especially for the small business. >> john boehner was talking about it this woke. he believes what? if you raise the unemployment minum wage. >> you get less jobs and fewer jobs, exactly. and that has been more of a conservative view point. but there are conservatives, and the state of new jersey run by chris chri
is the better cure to improve the economy in general. you have to remember in the past 20 years or so. we hiked the minimum wage ten times federally. and since 1956 it was done five times. and we looked at businesses. i immediately looked at 15 year stock charts. i picked mcdonalds. and we look at stocks and how they perform. they inform people at minimum wages and both of their stocks hit all- time highs and that is since they were publicly traded since the 80s. and minimum wage hurts people....
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Dec 6, 2013
12/13
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WJLA
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thanks to the latest news about the economy, and jobs in america. we learned today that last month's 203,000 new jobs were created, better than experts predicted. and look at the unemployment rate. down to 7%. and that's the lowest level since president obama took office, the lowest unemployment rate now in five years. >>> on the subject of jobs, our made in america team is back tonight. and thousands of you have already told us, you are in, and ready to buy american made gifts. it's this christmas season. what a gift to give. even just one thing could help create thousands of new jobs right here at home. you are signing up to give american workers a merry christmas, and abc's anchor david muir, captain of the team with us tonight. >> diane, we have reported on clothing right here, asking the simple question is anything made here in america any more. well, tonight not only are these jeans made here, this number right here is about to reveal everything. right down to the farmer, who grew the cotton. this week, our kickoff, made in america december to
thanks to the latest news about the economy, and jobs in america. we learned today that last month's 203,000 new jobs were created, better than experts predicted. and look at the unemployment rate. down to 7%. and that's the lowest level since president obama took office, the lowest unemployment rate now in five years. >>> on the subject of jobs, our made in america team is back tonight. and thousands of you have already told us, you are in, and ready to buy american made gifts. it's...
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Dec 9, 2013
12/13
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MSNBCW
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is it the improving economy or is he divorced from the economy? >> it's really an important question because as susan said, it is difficult to really bounce back. if the economy does improve, that will help. no question about that. one of the things we have seen in public opinion over the last 60 days really is that this kind of base he had beneath him which is that people thought he was an honest president or a strong leader, some of that eroded significantly and i think that's the question as to whether even if the health care law seems to be working pretty well and even if the economy comes back, whether this sense of him as a weak president or somebody who was too detached has taken hold and it does divorce him from the forces that are changing the economy. >> fred, when you look at 2014, i know that it's easy to say it's going to be a bad year for the democrats because of health care and the president's job rating. you have this recovering economy. i assume that benefits all incumbent governors first. does it help democrats? >> yes, i do. i t
is it the improving economy or is he divorced from the economy? >> it's really an important question because as susan said, it is difficult to really bounce back. if the economy does improve, that will help. no question about that. one of the things we have seen in public opinion over the last 60 days really is that this kind of base he had beneath him which is that people thought he was an honest president or a strong leader, some of that eroded significantly and i think that's the...
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you have the global economy angle there. you have the rich people there and you also have the american angle there. tiffany's is one of these brands a representative of america and the diamond engagement ring, i got to tell you, it is catching on in parts of the world, like particularly in asia, i think japanese brides as percentage, get more diamond engagement rings than americans. sales in asia-pacific, mostly china, up 22%. japan 9%. even europe up 4%. america up 5%. same-store sales for the week is only 1%. tracy: not america story. it is global story. >> a global story about america. people still want our -- we're dumping on ourselves. the world really admires america a lot more than we admire america. tiffany's is one of those symbols. harley is one of the symbols. we have a lot of them out there. coca-cola is one of those symbols. people out there really, do love us so. ashley: even at this price you would jump in? >> goldman sachs says great at this price. ashley: who are we to argue? >> want to talk about a global c
you have the global economy angle there. you have the rich people there and you also have the american angle there. tiffany's is one of these brands a representative of america and the diamond engagement ring, i got to tell you, it is catching on in parts of the world, like particularly in asia, i think japanese brides as percentage, get more diamond engagement rings than americans. sales in asia-pacific, mostly china, up 22%. japan 9%. even europe up 4%. america up 5%. same-store sales for the...
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Dec 8, 2013
12/13
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CNNW
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only ford gives you ecoboost fuel economy and a whole lot more. go further. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. >>> the trial for the newly wed bride tried for pushing her husband to his death beginning tomorrow. she is charged with pushing her husband off a cliff in july. graham is charged with murder. jury selection begins tomorrow. wendy murphy is also a law professor in boston. graham says the couple got into an argument while off the park. he went over a cliff. so the defense says it as self defense. what should they decide >> and finally she said i pushed him with both hands from behind. that is an easy case. the tough part from the prosecution here is shoe she looked like. she looked like the girl next door. they are going to be hard pressed to say that a seemingly nice woman could be so evil. >> look, th
only ford gives you ecoboost fuel economy and a whole lot more. go further. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. >>> the trial for the newly wed bride tried for pushing her husband to his death beginning tomorrow. she is charged with...
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Dec 4, 2013
12/13
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MSNBCW
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good news in the real economy could make the fed
good news in the real economy could make the fed
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Dec 6, 2013
12/13
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CNBC
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it demonstrates the economy may be improving and that the fed should be getting out of the way. >> mike, i'm sorry to interrupt. are you telling me december meeting if the fed announces tapering, that the markets will take it in stride? that's basically what you're telling me? >> i think it will take it more in stride than maybe it would a month or so ago because the numbers have been getting better in the economy. >> steve, do you agree with that? >> i agree with michael. i think the numbers have been improving all week nothing but good numbers here and starting out with the key 3 gdp, inventory bills. >> strengthening. record auto sales in november, the jobs numbers are very good here today, housing retail, everything looks good and we've been saying all along we think we're going to be tapering into strength and the market is going to see through that. i think we're using 120 next year for s&p earnings, still high relative to the street, but i think people are starting to see that as a real possibility and stocks are trading at 15 times next year relative to everything else you have
it demonstrates the economy may be improving and that the fed should be getting out of the way. >> mike, i'm sorry to interrupt. are you telling me december meeting if the fed announces tapering, that the markets will take it in stride? that's basically what you're telling me? >> i think it will take it more in stride than maybe it would a month or so ago because the numbers have been getting better in the economy. >> steve, do you agree with that? >> i agree with...
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Dec 6, 2013
12/13
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CNBC
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economy adding 203,000 jobs. did you nail that number? if you did, you'll be joining carl next to talk about it. we'll bring you today's nail the number winner when "squawk on the street" continues. [ male announcer ] this december, experience the gift of exacting precision and some of the best offers of the year [ ding! ] at the lexus december to remember sales event. this is the put of perfection. to help secure retirements and protect financial futures. to help communities recover and rebuild. for companies going from garage to global. on the ground, in the air, even into space. we repaid every dollar america lent us. and gave america back a profit. we're here to keep our promises. to help you realize a better tomorrow. from the families of aig, happy holidays. >>> we do have a winner. this month's winner nailed the number on the head, a guess of 203,000. joining us this morning, brad kinegie joins us on the cnbc news line. congratulations. good to have you with us. >> thank you very much. >> part of it is getting the number right, whi
economy adding 203,000 jobs. did you nail that number? if you did, you'll be joining carl next to talk about it. we'll bring you today's nail the number winner when "squawk on the street" continues. [ male announcer ] this december, experience the gift of exacting precision and some of the best offers of the year [ ding! ] at the lexus december to remember sales event. this is the put of perfection. to help secure retirements and protect financial futures. to help communities recover...
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Dec 9, 2013
12/13
by
CNNW
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eye 29
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. pop in the drum of any machine... ♪ ...to wash any size load. it dissolves in any temperature, even cold. tide pods. pop in. stand out. >>> hey. sit. fin was my bomb dog. i asked if i would be able to get my dog. he said we'll get you your dog. it's great having a dog that i went through so much with. as a pet, he just grew into the life of watching tv. i am going to meet with the executive director and president of operation finally home, organization i'm trying to have build a house for me. >> we're good to go. >> it's definitely a little nerve racking. >> good morning. >> how you doing, buddy? good to see you. >> hi, ken. dan wallrath. >> nice to meet you. >> you know, what you've done is just amazing, you and fynn. we want you to know your sacrifice has not gone unnoticed and we appreciate you very much. >> thank you. i appreciate that. that does really mean a lot. >> everybody's situation is different. so we don't have a set of hard and fast ru
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. pop in the drum of any machine... ♪ ...to wash any size load. it dissolves in any temperature, even cold. tide pods. pop in. stand out. >>> hey. sit. fin was my bomb dog. i asked if i would be able to get my dog. he said we'll get you your dog. it's great having a dog that i went through so much with. as a pet, he just grew into the life of watching tv. i am going...
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Dec 5, 2013
12/13
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ALJAZAM
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eye 144
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but the economy is growing. however almost all of the money that's being made is going to the very rich. since 2009 the income of the top 1% grew by 31%. money is being made, but only for about a million and a half people here. yet for everyone else, 99% of the population, their salaries have barely moved in four years, less than 1%. the richest are taking home the most since the 1920s. why? some suggest years of tax cuts for the wealthy, the growth of the finance and technology companies, led to wall street fat cats and techies. computers and robots have taken a lot of the jobs since the 1970s. the minimum wage is $7.25 an hour. president obama has suggested to bump it up to about $10 an hour. one study suggests the minimum wage should be really closer to $22 an hour. overall improvements in the economy are not being felt by most people which concerns the president who worries the american dream of working to a better life may be turning to just that: a dream. >> jonlt, thank you. the struggling economy has som
but the economy is growing. however almost all of the money that's being made is going to the very rich. since 2009 the income of the top 1% grew by 31%. money is being made, but only for about a million and a half people here. yet for everyone else, 99% of the population, their salaries have barely moved in four years, less than 1%. the richest are taking home the most since the 1920s. why? some suggest years of tax cuts for the wealthy, the growth of the finance and technology companies, led...
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Dec 6, 2013
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. >>> economists expected to show the economy is starting to move ahead again. survey shows many believe that the report will say employers added 180,000 jobs last month. that would keep the monthly gain at 200,000 since last august. and they believe the jobless rate will slip a bit to 7.2%. that report comes in at 5:30. the port of san francisco selling commemorative bricks that will be used at the new waterfront park at pier 27. bricks will line the parks walkway. a neighborhood activist says brick sales will help pay off the city's debt from hosting the america's cup races as well as the administrative cost to set up the brick program. >> very deceptive the way it is marketed. we want to make sure people have the facts. >> its money that is coming back to the port to help us with infrastructure costs that were put out. >> the park is scheduled to open late next year. >>> today apple launches its i beacon service to help you find your way around the store. it sends messages to users on their iphones. the information is based on where you are inside the store.
. >>> economists expected to show the economy is starting to move ahead again. survey shows many believe that the report will say employers added 180,000 jobs last month. that would keep the monthly gain at 200,000 since last august. and they believe the jobless rate will slip a bit to 7.2%. that report comes in at 5:30. the port of san francisco selling commemorative bricks that will be used at the new waterfront park at pier 27. bricks will line the parks walkway. a neighborhood...
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coming up i'll speak with one activist who wants to democratize our local economies and most show you how. the continuing inconsistent rise of china beat the clearing district to fly zones or a critical view on the subject of buying u.s. dollar did in fact it would appear that china is tearing a page from washington's playbook to make rules to its geopolitical interests. fact that it's. over. did you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy correct albus. role. in fact the single biggest threat facing our nation today is the corporate takeover of our government and across several we've been hijacked why handful of transnational corporations will profit by destroying what our founding fathers once built up my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem trying rational debate and a real discussion critical issues facing america to find a job ready to join the movement then walk away from the b
coming up i'll speak with one activist who wants to democratize our local economies and most show you how. the continuing inconsistent rise of china beat the clearing district to fly zones or a critical view on the subject of buying u.s. dollar did in fact it would appear that china is tearing a page from washington's playbook to make rules to its geopolitical interests. fact that it's. over. did you know the price is the only industry specifically mentioned in the constitution and. that's...
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Dec 7, 2013
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we got to put more money into the economy. the infrastructure jobs are fine. the way to get it working again is to lower taxes. increase domestic energy production and that policy could really be revamped. it's really a shame. workers are poised to create a lot of new jobs. they have the capital to do so. the number one reason they're not doing it is because of the obama care mess. they'll have a wait and see attitude, see if they'll add workers full time or hire new workers and actually quite the opposite, laying people off and keeping them below full time until this obama care problem is solved. >> i'm going to give you a moment to respond there. let me jump in there. where rick leaves off. of course we know a steady climb in employment is better than being stagnant. apart from what rick is considering obama care as a blocker, what would you say are some of the blockers that are preventing more robust job growth to the point where we have that happy days are here feeling that permeates the air? >> i don't think obama care is the thing that is doing it becaus
we got to put more money into the economy. the infrastructure jobs are fine. the way to get it working again is to lower taxes. increase domestic energy production and that policy could really be revamped. it's really a shame. workers are poised to create a lot of new jobs. they have the capital to do so. the number one reason they're not doing it is because of the obama care mess. they'll have a wait and see attitude, see if they'll add workers full time or hire new workers and actually quite...
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Dec 8, 2013
12/13
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obama's leadership is focus on what most people's priority is which is creating jobs and getting the economy to turn around and long-term issues and get a handle on the safety net programs like social security and medicare. that is the appropriate role for the government and i think most americans agree. which is why they reelected president obama. >> do you think richard's concern? he feels it is being put on him. is that a fair concern? >> i really don't. in this case, accusations like he unfortunately chose to do isn't constructive. i wish folks like him would step back, listen and engage in dialogue and understand the other side's point of view. when you here talk like his, it is evident he is watching fox news and gets the information mostly from right-wing conservative sources and isn't open to other points of view. and that is why i wrote the book. hopefully someone finds a way to see we have to try to work together and not dig in so hard and accept everything we hear from one side or another. >> putting on your political hat for a moment. the rollout of the health care website: has i
obama's leadership is focus on what most people's priority is which is creating jobs and getting the economy to turn around and long-term issues and get a handle on the safety net programs like social security and medicare. that is the appropriate role for the government and i think most americans agree. which is why they reelected president obama. >> do you think richard's concern? he feels it is being put on him. is that a fair concern? >> i really don't. in this case, accusations...
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Dec 6, 2013
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a little bit actually we had some decent news on the economy. but this time of year things fluctuate a bit. right now the futures are fluctuating as well. could be a slightly lower opening but we will get a better read. market opens up. bell rings in an hour and ten minutes. >>> honda offering significant deals. dealers will get a $3,000 bonus for any extra car or truck sale. >>> coming up. two young children diagnosissed with cancer just days apart. how strangers -- >> i break down and cry all the time because i can't believe the generosity. >> how stringers and friends in pacifica are coming together to help. >>> and making it harder to buy tobacco. the surprising change one local city is considering. [ laughter ] he loves me. he loves me not. he loves me. he loves me not. ♪ he loves me! that's right. [ mom ] warm and flaky in 15, everyone loves pillsbury grands! [ girl ] make dinner pop! [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ pillsbury cookie dough. make the hol
a little bit actually we had some decent news on the economy. but this time of year things fluctuate a bit. right now the futures are fluctuating as well. could be a slightly lower opening but we will get a better read. market opens up. bell rings in an hour and ten minutes. >>> honda offering significant deals. dealers will get a $3,000 bonus for any extra car or truck sale. >>> coming up. two young children diagnosissed with cancer just days apart. how strangers -- >>...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to kaiser reports on our. system. of a. with wealth inequality in america an all time high and congressional approval ratings are an all time low it's no wonder why people are worried about the future of this country today money not only means power it means political speech and the more wealth of the consolidated at the top the less people feel they have the power to change the system by the wealthy and powerful interests working to get the people all the time there are still plenty of steps we can take right now right here to democratize our local economies here to break down what exactly those depths armed i'm a professor of political economy the university of maryland gar al pair of it thank you so much for coming on alex i already are sorry i'm sorry you're used to research foreign policy and starting with a world war two all the way to vietnam kind of analyzing the u.s. empire crimes what inspired. your switch to domestic economics well
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to kaiser reports on our. system. of a. with wealth inequality in america an all time high and congressional approval ratings are an all time low it's no wonder why people are worried about the future of this country today money not only means power it means political speech and the more wealth of the consolidated at the top the less people feel they...
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Dec 4, 2013
12/13
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the economy didn't always work for everyone. racial discrimination locked millions out of the of poverty -- or out of opportunity. women railroad too often confined to a handful of poorly paid professions. and it was only try pain staking struggles that they began to win the right to -- >> and as the president continues his address live in washington, d.c., we'll watch those remarks. we'll have a full wrap-up of all of the key points being made today. and wolf blitser always has a full wrap up on his program as well. >>> in the meantime, what a story. his wife as blujenned to death in the home right in front of his three-year-old son. and he was made the only suspect in the case. he was convicted and sentenced to a life in prison. here is the worst part. he did not do it. dna evidence exonerated him. and he and his attorney is going to join me live to talk about this, coming up next. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know,
the economy didn't always work for everyone. racial discrimination locked millions out of the of poverty -- or out of opportunity. women railroad too often confined to a handful of poorly paid professions. and it was only try pain staking struggles that they began to win the right to -- >> and as the president continues his address live in washington, d.c., we'll watch those remarks. we'll have a full wrap-up of all of the key points being made today. and wolf blitser always has a full...
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Dec 6, 2013
12/13
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economy. finally we are starting to see it accelerate. they hit a five- year low dropping from 7.3 to 7%. there were a lot of jobs that were created and month of november and the october numbers or revised. the good news is that dow futures are rebound in bread dow futures are now up 144. look for a big jump on wall street. >> our top story. day three of freezing temperatures in the bay area. >> take a look, we are still setting stringent conditions. the scene sampras's go is at 43 degrees but that may not seem cold but we have actually tied an old record set 104 years ago. it hasn't been this cold and over a century. it is very chilly conditions but we will continue with this cool down. we will have impossibility of rain pripet will see it spread we are saying 20's and--38 degrees in daly city and san francisco was a 40 degrees. we are tracking a call from the combined rain, snow to the area i will break down that portion of the forecast coming up. >> let's go outside to kron four's yoli aceves. she's in livermore this morning, yoli? >>
economy. finally we are starting to see it accelerate. they hit a five- year low dropping from 7.3 to 7%. there were a lot of jobs that were created and month of november and the october numbers or revised. the good news is that dow futures are rebound in bread dow futures are now up 144. look for a big jump on wall street. >> our top story. day three of freezing temperatures in the bay area. >> take a look, we are still setting stringent conditions. the scene sampras's go is at 43...
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Dec 9, 2013
12/13
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economy is finally healing. and it could prove to be an important issue, of course for democrats next year despite the rocky rollout of healthcare.gov. our first read team puts it this way, six months from now vulnerable democratic senators and gop governors could have a positive message to tell next year to constituents that backed up by the facts the economy is getting better and better each month. joining me live now, nbc news senior political editor mark murray and clair voiant because we're looking how this is playing out. it is intriguing to see what will help those who are perhaps in a lot of trouble. >> it is pretty clear when you're looking ahead to the 2014 midterm, so much analysis and thought has been talked about the president's health care law or republicans shut down back in october. not a lot of attention has been paid to the economy. when you look at the story of the economy over the past year, even over the past 24 months, things are getting much better. it isn't out of the realm of possibility
economy is finally healing. and it could prove to be an important issue, of course for democrats next year despite the rocky rollout of healthcare.gov. our first read team puts it this way, six months from now vulnerable democratic senators and gop governors could have a positive message to tell next year to constituents that backed up by the facts the economy is getting better and better each month. joining me live now, nbc news senior political editor mark murray and clair voiant because...
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Dec 6, 2013
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economy. it is a member of the g-20. it is one of the leading countries and i know guys have put money into that country who made a lot of money there. >> they're considered one of the fragile five, as we call it. so if we start to see tapering -- right. just like indonesia or india. yes. so that's an issue. >> so either the promise was delivered, but neither the catastrophe that was feared happened in that country when it turned over from white minority rule. >> yeah, no. i mean, i think -- >> it was somewhere in between. >> you're talking to somebody who continued embracing marxist policies -- >> but many people thought the country was going to go all the way down, but that didn't happen. and it didn't happen that -- the social needs versus the free market. >> well, you see, i think he came to learn that it's not about balancing the free market versus social needs, that they often converge. >> he said he had to balance the fears of the white population versus the hopes of the black populatio
economy. it is a member of the g-20. it is one of the leading countries and i know guys have put money into that country who made a lot of money there. >> they're considered one of the fragile five, as we call it. so if we start to see tapering -- right. just like indonesia or india. yes. so that's an issue. >> so either the promise was delivered, but neither the catastrophe that was feared happened in that country when it turned over from white minority rule. >> yeah, no. i...
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Dec 6, 2013
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but what kind of jobs is the economy creating? an ice storm causes havoc in the middle of the country. manuel bojorquez is there. and allen pizzey on the years that made the man. >> for 18 of the 27 years he spent in prison, nelson mandela walked down this corridor everyday and at the end of that walk there was no freedom, there was this. >> reporter: with bob simon on the moment he was free. >> after 27 years, his head was high and his fist was clenched. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. the south african government announced today that the state funeral for former president nelson mandela will be a week from sunday-- the culmination of days of memorial services. president obama will lead the u.s. delegation and he's invited the former american presidents to join him. mourners continued to gather today at mandela's home in johannrg died last night and at his former home in soweto. and for us, no one image captured his legacy better than this-- blacks and whites
but what kind of jobs is the economy creating? an ice storm causes havoc in the middle of the country. manuel bojorquez is there. and allen pizzey on the years that made the man. >> for 18 of the 27 years he spent in prison, nelson mandela walked down this corridor everyday and at the end of that walk there was no freedom, there was this. >> reporter: with bob simon on the moment he was free. >> after 27 years, his head was high and his fist was clenched. captioning sponsored...
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Dec 3, 2013
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now, the "wall street journal" is reporting the sluggish economy, historically low interest rates and tougher regulations have all taken their toll on the sector. the fdic says the decline from a peak of more than 18,000 has come almost entirely from smaller banks. most left the industry between 1984 and 2011 as a result of mergers or failures. the drop comes as total bank deposits have grown to $9.6 trillion this year. >>> well, it turns out, the cloud isn't free, at least not anymore. "the new york times" reports google will announce today pricing plans for companies, big and small, that use its servers for web processing and online data storage. amazon dominates the cloud business with big customers such as netflix, but google has been gaining with a client list that includes the popular social media site snapchat. >>> flat-screen tvs and ipads are nice. brian, i wanted to get back to you to talk about our favorite retail yes, walmart. sorry about that. >> yeah, no, listen, we saw the fights at the walmart on black friday, so -- >> oh, it's amazing. >> the most popular black friday
now, the "wall street journal" is reporting the sluggish economy, historically low interest rates and tougher regulations have all taken their toll on the sector. the fdic says the decline from a peak of more than 18,000 has come almost entirely from smaller banks. most left the industry between 1984 and 2011 as a result of mergers or failures. the drop comes as total bank deposits have grown to $9.6 trillion this year. >>> well, it turns out, the cloud isn't free, at least...
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Dec 9, 2013
12/13
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only ford gives you ecoboost fuel economy and a whole lot more. go further. and better is so easy withrning you cabenefiber.o something better for yourself. fiber that's taste-free, grit-free and dissolves completely. so you can feel free to add it to anything. and feel better about doing it. better it with benefiber. you may be muddling through allergies. try zyrtec-d®. powerful relief of nasal congestion and other allergy symptoms -- all in one pill. zyrtec-d®. at the pharmacy counter. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those who helped you take charge of your future and got you where you are today. the boss of your life. the chief life officer. ♪ >>> prosecutor say cody johnson fell face first after his wife allegedly pushed him over a cliff with both hands back in july. jordan fwram is on trial for the murder of her husband just eight days after they were married. her defense tea
only ford gives you ecoboost fuel economy and a whole lot more. go further. and better is so easy withrning you cabenefiber.o something better for yourself. fiber that's taste-free, grit-free and dissolves completely. so you can feel free to add it to anything. and feel better about doing it. better it with benefiber. you may be muddling through allergies. try zyrtec-d®. powerful relief of nasal congestion and other allergy symptoms -- all in one pill. zyrtec-d®. at the pharmacy counter....
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Dec 4, 2013
12/13
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ALJAZAM
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has hurt public confidence in this president, and public confidence has also dropped as far as the economy is concerned. the president has a major economic speech tomorrow. tell us about it. >> reporter: well, first of all one of the things that drove the president over the three weeks, democrats on capitol hill, excuse the expression, they're freaking out. the polls came out of nowhere to upset everybody, why? because he changed his focus to the shortcomings of the website and the issues of obamacare at large. but the president tomorrow will weave all that have in, the affordable care act, into a larger theme that he has been talking about for quite some time and he hit it in the state of the union just this year, and that is income disparity in the united states. he'll focus on that as the problem. we're very familiar with the statistics, the income of the upper 1% in the country tripled over the last 20 to 3503 years meanwhile the middle class saw their income grow at a snail's pace of 1% over that same time period. he'll talk about minimum wage. he'll look forward to it rise to $9. in
has hurt public confidence in this president, and public confidence has also dropped as far as the economy is concerned. the president has a major economic speech tomorrow. tell us about it. >> reporter: well, first of all one of the things that drove the president over the three weeks, democrats on capitol hill, excuse the expression, they're freaking out. the polls came out of nowhere to upset everybody, why? because he changed his focus to the shortcomings of the website and the issues...
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the economy is doing well. bad news for the economy is good news for stocks because that means we will get more qe. stocks for the next six months are a pretty good upside. historically after we come off of it. like we have been through in 2013 with 25 to 30% gain in equities, the first quarter is five to 10% of appreciation because of the momentum carrying us on. we are pretty safe place here for equities for the first two quarters of next year. dagen: what are people doing with their money? particularly in terms of the fixed income fund. >> we have seen some money go out, particularly relative to stocks, what is interesting as we are still getting money in the money market fund. our taxable money market fund, a whopping 0.01%, the fund is there the all-time highs meeting people are still scared. >> we're still growing, we are seeing big inflows into the floating rate funds, we are committed to sticking out the cycles, so we're not having a problem with flows that the others are. dagen: i wanted to bring up so
the economy is doing well. bad news for the economy is good news for stocks because that means we will get more qe. stocks for the next six months are a pretty good upside. historically after we come off of it. like we have been through in 2013 with 25 to 30% gain in equities, the first quarter is five to 10% of appreciation because of the momentum carrying us on. we are pretty safe place here for equities for the first two quarters of next year. dagen: what are people doing with their money?...
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Dec 8, 2013
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the chinese investment will provide a life line for the battered ukraine can economy. $3 billion is being provided to bolster sevastopol's ports. twice that will be used to update crimean. >> trade between europe and china have to travel around the whole of europe. when this port is constructed ships can go straight across the black sea. the ukrainian company is sandwiched between its warships and russias, but has been building a profitable business exporting steel and grain. they've been battling recession in the world market and at home. the commercial director is optimistic about the future, despite the political turmoil in kiev. >> translation: as the grain and coal production grose in the future in you grain, we believe the investment in the port is necessary to match the trend in these sebbing tors. >> president viktor yanukovych has brought home an important prize. it sends a message to the european union and russia, that they are not the only players in this town. >> the chinese businessman made headlines with plans to build a $40 million canal in nicaragua. >> a car bomb attack o
the chinese investment will provide a life line for the battered ukraine can economy. $3 billion is being provided to bolster sevastopol's ports. twice that will be used to update crimean. >> trade between europe and china have to travel around the whole of europe. when this port is constructed ships can go straight across the black sea. the ukrainian company is sandwiched between its warships and russias, but has been building a profitable business exporting steel and grain. they've been...
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Dec 4, 2013
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is it because the sanctions were biting deeply into the economy or from a political perspective the ar art you are genuine in sg a new chapter. >> in iran we have political elections an an popular and popr elections. >> they chose a different path this time around. and that election provided a historic opportunity to us and to the west in order to atry tro address us. you. we are not talking about sanctions. when sanctions started iran had less than 200 centrifuges and the note product has been 1880 centrifuges that has been added to iran's stock of centrifuges so sanctions have utterly failed in that regard. it seems to me that the west is trying to take advantage of the historic opportunity. we have a new government and a different approach to foreign policy. our tenants of foreign policy have not changed we insist on our rice rite an rights and we t negotiate. this can be achieved best through construction gea negotiation. >> first of all, what has happened, nick, since this deal was made and are there signs of how this is going to work? >> yeah, john, i think their initial reaction
is it because the sanctions were biting deeply into the economy or from a political perspective the ar art you are genuine in sg a new chapter. >> in iran we have political elections an an popular and popr elections. >> they chose a different path this time around. and that election provided a historic opportunity to us and to the west in order to atry tro address us. you. we are not talking about sanctions. when sanctions started iran had less than 200 centrifuges and the note...
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Dec 7, 2013
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. it really made the difference between a morning around the house and getting a little exercise. unlike the bargain brand, depend gives you new fit-flex®, our best protection. it's a smooth and comfortable fit with more lycra strands. get your free sample at depend.com. the attack on pearl harbor. it was 72 years ago today. the japanese surprise attack killed more than 2,000 american service members. the attack brought the u.s. into world war two. >>> president obama is having a hard time explaining a meeting with controversial relative. for some time the white house has said the president never met with a kenyan uncle who was in the united states illegally. but now it has a new version of what happened. here's cnn's brian todd. >> reporter: fredericka, which is at an uncle of the president who has gone through some legal problems with immigration and other things. and it's about an impression the white house has given that it's keeping this uncle at
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. it really made the difference between a morning around the house and getting a little exercise. unlike the bargain brand, depend gives you new fit-flex®, our best protection. it's a smooth and comfortable fit with more lycra strands. get your free sample at depend.com. the attack on pearl harbor. it was 72 years ago today. the japanese surprise attack killed more than...
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Dec 6, 2013
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CNNW
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the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more than 2 million jobs on track to be created the best since 2005. it has been pretty in israble since the recession and the bubble burst and to say you're going to have jobs growth, on track for jobs growth, the best since 2005 is significant. you want it see these numbers, 200,000 a month and more and want to see it continue. the unemployment rate going down to 7%, wolf, the white house acknowledges that one of the big reasons, the big reason why it went down to 7% is because people newly unemployed were having an easier time finding a job. th
the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more...
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Dec 6, 2013
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the economy added more than 200,000 jobs in november. it's at its lowest point in five years. >>> heavy wind is battering the southwest and it does not seem to be slowing down. sweeping across arkansas and western kentucky, and that rough, rough weather is heading east. in south africa the long good buy to nelson mandela gets under way tuesday. mandela's body will lie instate in the capitol for three days starting wednesday. he will be burredy december 15th after a state funeral. we're in johannesburg, how are people reacting there now? i think i can hear a bit behind you. 24 hours since the news of mandela's death broke around the world. [♪ music ] >> reporter: listen to that. people have been doing this all day, singing and dances, people here are celebrating his life. that's why they've come out in numbers. children who are eight and ten years old are saying we really don't know nelson mandela. we don't know what kind of man he was. but when they come here and see all the support, they say wow, he is a great man. we want to find mor
the economy added more than 200,000 jobs in november. it's at its lowest point in five years. >>> heavy wind is battering the southwest and it does not seem to be slowing down. sweeping across arkansas and western kentucky, and that rough, rough weather is heading east. in south africa the long good buy to nelson mandela gets under way tuesday. mandela's body will lie instate in the capitol for three days starting wednesday. he will be burredy december 15th after a state funeral. we're...
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has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. >>> the nominations for the 56th annual grammy awards are in and the hottest song of the summer is up for record of the year. ♪ blurred lines ♪ i know you want it baby >> robin thicke and t.i. performing their grammy-nominated song "blurred lines" last night during a nomination special on cbs, joining them in the category for record of the year "get lucky" by daf punk, "radioactive" my imagine dragons and "royals" by lordes. and jay-z led all nominations with nine and trailing right behind him hip-hop duo mclemore with seven. >>> big name artists stop going on the road and let the road come to them. >> reporter: bette midler, celine dion, elton, and cher. once they happened in vegas, they often stay in vegas. it's called a residency. casinos pay big bucks to secure exclusive rights to a performer for weeks even years. in turn the headliners get to build the show of their dreams, complete with all the v
has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. >>> the nominations for the 56th annual grammy awards are in and the hottest song of the summer is up for record of the year. ♪ blurred lines ♪ i know you want it baby >> robin thicke and t.i. performing their grammy-nominated song "blurred lines" last night during a nomination special on cbs, joining...
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david, what does this say about the economies and the taper, if that happens, over the past week or so? obviously it's been a great year, but the past five days have been not so great. what's the market telling you? >> well, this is really consistent with the consolidation and small pullbacks we've seen over the last few months. really we think this will be short-lived and we look forward to a year-end rally and another strong year in 2014. >> so what do you think the market is reacting to? just the fact that prices had run up so far and people want to get some money off the table and take some profits? is it, as joe was saying off camera, a taper tantrum or what. >> i think to call it a tantrum is a little strong. you're seeing markets just a couple percentage points off their highs. so this is more has to do with the market digesting the recent gains and also expecting some tapering in 2014. but we don't think it's going to be severe, and we think the market's going to increase with the taper, and it's a reflection, as joe said, in stronger economic growth looking forward. >> joe, do
david, what does this say about the economies and the taper, if that happens, over the past week or so? obviously it's been a great year, but the past five days have been not so great. what's the market telling you? >> well, this is really consistent with the consolidation and small pullbacks we've seen over the last few months. really we think this will be short-lived and we look forward to a year-end rally and another strong year in 2014. >> so what do you think the market is...